Maxim Integrated Products Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Maxim Integrated Products Inc. (MXIM) reported a profit for its second quarter that rose from the same period last year.

The company's earnings totaled $183.95 million, or $0.68 per share. This compares with $146.05 million, or $0.53 per share, in last year's second quarter.

Excluding items, Maxim Integrated Products Inc. reported adjusted earnings of $196.94 million or $0.73 per share for the period.

Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.0% to $628.29 million from $551.07 million last year.

Maxim Integrated Products Inc. earnings at a glance:

-Earnings (Q2): $196.94 Mln. vs. $151.73 Mln. last year. -EPS (Q2): $0.73 vs. $0.56 last year. -Analysts Estimate: $0.68 -Revenue (Q2): $628.29 Mln vs. $551.07 Mln last year.